Macroeconomic Determinants of International Remittances: Evidence from Time-Series and Panel Methods

Artatrana Ratha and Eungmin Kang ()
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Artatrana Ratha and Eungmin Kang: St. Cloud State University, Minnesota, USA
Authors registered in the RePEc Author Service: Artatrana Ratha ()

Journal of Economic Development, 2020, vol. 45, issue 3, 51 -76

Abstract: TAt more than three times official development aid flows, remittances are now recognized as a key source of scarce foreign exchange for the developing world. Most papers looking into the macroeconomic determinants of remittance inflows tend to be panel, cross-sectional, or qualitative country-specific studies, understandably due a lack of consistent time-series data. We estimate an econometric model using the bounds-testing approach to cointegration and error-correction modeling (Pesaran et al., 2001) on time-series data as well as by employing traditional panel methods on the same data set. It appears that the generalized evidence based on panel or cross-sectional studies may not apply to individual countries.

Keywords: Remittances; Migration; Development; Bounds-Testing; Altruism; Self Interest (search for similar items in EconPapers)
JEL-codes: F22 F24 O19 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:jed:journl:v:45:y:2020:i:3:p:51-76

DOI: 10.35866/caujed.2020.45.3.003

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